Business Studies · Public Utilities
Which of the following is NOT a characteristic of a public utility?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They are characterized by heavy initial investment in plant and equipment.
- 2The services provided by public utilities are easily transferable.✓
- 3They are given monopoly rights by the government and regulated to protect consumer interests.
- 4Public utilities primarily deal in essential services.
Correct answer
The services provided by public utilities are easily transferable.
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